A BNB blockchain-based meme coin called Cat (CAT) is has pumped up over 100% on Wednesday, while another meme coin called Shibarium Token (SHIBARIUM) is up over 130%. The former’s latest rally has pushed its market cap back to the north of $1 million, with over $2.5 million in trading volumes coming in in the…
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Cryptocurrency markets fell on Wednesday, with total market cap dropping by around $16 billion to around $1.1 trillion, Bitcoin (BTC) dropping 1.5% to around $28,700 and Ether (ETH) dropping 1.1% to just above $1,800, where it is now finding support from its 200DMA. Downward moves in the crypto market come amid macro headwinds, with US…
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Around two months after the US Securities and Exchange Commission (SEC) filed lawsuits against major exchanges Binance.US and Coinbase, targeting 19 cryptocurrencies that were designated as unregistered securities, the same tokens are showing signs of recovery. Following the allegations, the combined market value of the 19 tokens dropped by roughly $20 billion, but trading volume…
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Ryan Salame, a former executive of now-defunct cryptocurrency exchange FTX, has declined to testify about his involvement in an alleged illegal campaign donation scheme. According to a motion filed by U.S. federal prosecutors on Monday, Salame’s attorney has said that, if subpoenaed, he intends to invoke his Fifth Amendment right…. Read More: Former FTX Executive Invokes Fifth Amendment…
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Blue chip cryptocurrency markets have seen limited to no reaction to the latest US Retail Sales figures for July, which should underpin optimism that the US economy remains far from recession. Bitcoin (BTC) was last trading in the $29,100s and Ether (ETH) in the $1,820s, with the latest data doing little to alter the macro…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: ETFs ‘May Account for 10%’ of BTC Market Value in 3 Years, Jacobi Lists Europe’s 1st Spot Bitcoin ETF, Binance Asks for Protective Order Against the US SEC,…
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Altcoins have been selling off on Tuesday, with the likes of XRP, Dogecoin (DOGE), Cardano (ADA), Solana (SOL), Polkadot (DOT) and Polygon (MATIC) falling between 4-7% over the course of the last 24 hours. The combination of a continued steady crawl higher in long-dated US government bond yields to fresh yearly highs, plus continued poor…
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Coinbase has announced the launch of a crypto advocacy group tasked with promoting the interests of the crypto community. Dubbed Stand with Crypto Alliance, the independent nonprofit organization aims to mobilize support for legislation that would create a regulatory framework for digital assets in the US. “I think a few politicians are seeing crypto as an easy…
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More Chinese firms are using the digital yuan, the nation’s central bank digital currency (CBDC), to access funding for “green” business projects. Per Nanfang Daily News (via SouthCN), an electronics firm in Guangdong Province, Southeast China, became the first company in the province to access a digital yuan-powered “green finance” loan as “application scenarios of…
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The Chinese city of Tianjin says residents and businesses transacted a cumulative total of over $1.76bn worth of CBDC since it joined the digital yuan pilot in 2022. Per Jinyun News, via Enorth, city officials claimed that some 302,000 merchants had processed the aforementioned amount in 14.97 million transactions. The city, a key port on…
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